8 Billion Yuan Financial Subsidy Policy Catalyzes the Opportunity for the Development of LED Lighting Industry in China

According to any student from the China Civil Capital Commission, China’s Central Commission for Capital Investment will arrange 8 billion yuan of extra-budgetary funds from the central government to purchase 4 million LED-efficient road lighting products during the “Twelfth Five-Year Plan” period. At the same time, it will drive no less than 3 billion yuan. Local matching funds.

Due to the high price of LED lighting products, the demand for policy subsidies is huge. The procurement plan at the national level will greatly boost industrial confidence and it is expected to accelerate the recovery of the LED industry.

According to statistics, the stock of street lamps in China is between 28 million and 30 million baht. In recent years, the number of street lamps newly added is 15% to 20%, and about 3 to 6 million.

In 2010, the installed capacity of LED Street Lights and tunnel lights was about 500,000 盏. In 2011, the installed capacity was less than 1 million 盏, and the annual increase was more than 50%. We expect that with the boost of policies, LED street lamps will continue to grow at a high rate in 2012, with an installed capacity of more than 1.5 million baht.

According to the number of newly-increased street lamps, the total number of LED lamps and lanterns is calculated at 1,000-2,000 yuan per year, and the annual increase is between 3 billion and 6 billion yuan.

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